By Marlo Glass, MarketsFarm
WINNIPEG, June 5 – ICE Futures canola contracts were slightly higher at midday Friday, continuing gains from prior trading sessions.
Strength in Chicago’s soy complex was supportive of canola values. Nearby soyoil contracts were higher by about a third of a cent at midday.
Prolonged strength in the Canadian dollar kept a lid on further gains for canola values. The loonie was at 74.5 cents at midday.
Approximately 8,000 canola contracts were traded as of 10:30 CDT.
Prices in Canadian dollars per metric tonne at 10:30 CDT:
Canola Jul 465.40 up 1.90
Nov 471.50 up 0.70
Jan 478.00 up 0.70
May 483.20 up 0.50